The Ministry of New and Renewable Energy (MNRE), Government of India and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH India on behalf of the Government of the Federal Republic of Germany signed an agreement on technical cooperation under the “Indo-German Energy Programme – Green Energy Corridors (IGEN-GEC)” here today .

State-owned power sector financier Rural Electrification Corporation (REC) has signed a Memorandum of Understanding (MoU) extending a term loan worth Rs 13,000 crore to Maharashtra State Power Generation Company (MAHAGENCO), REC said on Monday.

The capital cost of making electric vehicles would be on a par with petrol/diesel vehicles in five years and India would be importing electric vehicles if it does not develop the ecosystem, said Ashok Jhunjhunwala, Principal Advisor, Ministry of Power & New and Renewable Energy, Government of India.

The coal quality use in India has high ash content and low energy content, according to Niti Aayog. In order to improve the current situation, the think-tank in its three year action agenda 2017-18 to 2019-20, has pitched to follow China in order to reduce the usage of low quality coal in the country.

There is a great prospect for cooperation between India and the US in the energy sector, the top Indian envoy to Washington has said as he visited the resource-rich Alaska to explore the possibility of importing oil and gas from the state.

India's Adani Enterprises said on Monday it will start work in October on its Carmichael coal project in Australia using A$400 million (S$430.7 million) of its own funds, even as it looks to lock in financing for the controversial mine.

OIL AND GAS / INFRASTRUCTURE

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was US$ 51.04 per barrel (bbl) on 25.08.2017.

There is a great prospect for cooperation between India and the US in the energy sector, the top Indian envoy to Washington has said as he visited the resource-rich Alaska to explore the possibility of importing oil and gas from the state.

Hindustan Oil Exploration Company (HOEC) has announced the grant of Petroleum Mining Lease to Dirok field, Assam, on August 25, 2017 and the commencement of commercial production from the field forthwith.

Gatimaan Express, the only train in India capable of touching 160 km per hour, failed the punctuality test three out of every ten times it travelled between Delhi and Agra in its first year of operations.

US gasoline futures jumped to two-year highs while an already weak dollar hit 16-month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy.